Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    91-03 212Th St Queens Village, NY 11428

    Sponsored
    For Sale
    $995,000

    Colonial, Duplex - Queens Village, NY

    Type:Duplex
    Days on Market:
    232
    Last Refresh:
    Feb 4 at 9:06 am

    Property Features for 91-03 212Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    10635-0023

    Utilities

    Heating system
    Baseboard, Natural Gas
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1920
    Number of units
    2
    Building materials
    Frame
    Architectural style
    Colonial

    We can help!

    Listing Contact
    Sarwor Khan CBR

    EXIT REALTY PRIME (718) 262-0205

    Listing agent Sarwor Khan CBR (718) 262-0205 License #40KH1084556

    Listing date Jun 18, 2025

    MLS# L3521858 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Queens Village Two-Family House

    This two-family house is located in Queens Village, NY, directly in front of the Q36 bus stop. Each of the first and second floors features 2 bedrooms, 1 and a half bathrooms, a kitchen, and a living room. The property also includes a full finished basement with a bathroom, and a finished attic. A private driveway and a 2-car garage are included. The property is within walking distance to schools and shops. The property is described as being in mint condition and could be an excellent investment property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Queens Village
    County
    Queens
    State
    New York
    Longitude
    -73.748762
    Latitude
    40.720509

    Nearby Similar for Sale

    • $1,498,000
      Pending

      Renovated Three-Family in Queens Village

      Legal, renovated three-family property with strong rental income potential.
      94-86 218Th St, Queens Village, NY 11428
      View Details
    • $1,150,000
      0.09 Acres

      Two-Family Home in Queens Village

      Well-maintained two-family home with income potential in Queens Village.
      9269 220Th St, Queens Village, NY 11428
      View Details
    • New
      $1,199,999
      0.05 Acres

      Renovated Two-Family Home, Queens Village

      Legal two-family home with modern upgrades and convenient location.
      8809 208Th St, Queens Village, NY 11427
      View Details
    • New
      $1,060,000
      1,233 SF

      Queens Village Two-Family Homes

      Two detached colonial homes in sought-after Queens Village neighborhood.
      90-21 Winchester Blvd, Queens Village, NY 11428
      View Details
    • $1,250,000
      0.11 Acres

      Queens Village Two-Family House

      Two-family house in Queens Village with finished basement and attic.
      222-26 93Rd Ave, Queens Village, NY 11428
      View Details
    • $889,000
      0.05 Acres

      Queens Village Two-Family Duplex

      Two-family duplex in Queens Village near transportation and amenities.
      90-15 207Th St, Queens Village, NY 11428
      View Details
    • $935,000
      Pending

      Queens Village Colonial-Style Two-Family Home

      Two-family colonial in Queens Village with detached two-car garage.
      93-22 217Th St, Queens Village, NY 11428
      View Details
    • $1,300,000
      0.09 Acres

      Renovated Two-Family Home, Queens Village

      Completely renovated two-family home with modern amenities and convenient location.
      22011 94Th Dr, Queens Village, NY 11428
      View Details
    • $1,259,000
      0.09 Acres

      Legal Two-Family Home in Queens

      Spacious 2-family home with finished basement and private driveway.
      97-16 222Nd St, Queens Village, NY 11429
      View Details
    • $1,200,000
      0.08 Acres

      Queens Village Income-Producing Two-Family

      Two-family home on corner lot in Queens Village.
      217-34 Hempstead Ave, Queens Village, NY 11429
      View Details
    • $1,125,000

      New Construction Two-Family Home

      New construction two-family home in Queens Village, NY.
      104 210Th St, Queens Village, NY 11429
      View Details
    • $1,195,000
      Pending

      Renovated Two-Family Home, Queens Village

      Newly renovated two-family home in prime Queens Village location.
      213-16 102Nd Ave, Queens Village, NY 11429
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-family house near transportation, schools, and shops in Queens Village.
    Where is this duplex located?
    The property is located at 91-03 212Th St Queens Village, NY.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Located directly in front of the Q36 bus stop.; - Two-family house with identical layouts on the first and second floors: 2 bedrooms, 1.5 bathrooms, kitchen, and living room on each floor.; - Full finished basement with a bathroom.
    (347) 665-7580
    Request Owner's contact information
    91-03 212Th St Queens Village, NY 11428
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    91-03 212Th St
    Queens Village, NY 11428
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    91-03 212Th St Queens Village, NY 11428
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Sarwor Khan CBR
    (347) 665-7580
    Learn more
    Google sign-in failed. Please try again or use another login method.